Yes 1% of common shares! But who owns the 5,000,000 preferred shares?
There’s 20,000,000 preferred authorized
BUT
“Equity Compensation Plan
Up to 15,000,000 shares of common stock are reserved for issuance under our 2014-2015 Stock Incentive Plan (?the Plan?).
The purposes of the Plan are to enhance our ability to attract and retain the services of qualified employees, officers and directors, contractors and other service providers upon whose judgment, initiative and efforts the successful conduct and development of our business largely depends, and to provide additional incentives to such persons or entities to devote their utmost effort and skill to our advancement and betterment by providing them an opportunity to participate in the ownership of our common stock and thereby have an interest in our success.
Shares that are eligible for grant under the Plan include Incentive Stock Options, Non-Qualified Stock Options and Restricted Stock. ?Incentive Options? are any options designated and qualified as an ?incentive stock option? as defined in Section 422 of the Internal Revenue Code. ?Non-Qualified Options? are any options that are not an Incentive Option. To the extent that any option designated as an Incentive Option fails in whole or in part to qualify as an Incentive Option, it will constitute a Non-Qualified Option. ?Restricted Stock? are shares of common stock issued pursuant to any restrictions and conditions as established by the Plan.”
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